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Australia ‘really needs’ an unfair practices law, ACCC deputy chair says
ACCC 2022-11-04 11:39 pm By Cindy Cameronne

The outgoing deputy chair for the Australian Competition and Consumer Commission says Australia “really needs” a new unfair practices law, echoing sentiments from the regulator’s former boss.

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Allianz to see law firms’ ATE policy in class action over ‘junk’ car insurance
Insurance 2022-11-04 2:47 pm By Cindy Cameronne

The applicants in a consumer class action against Allianz have been ordered to produce an insurance policy that covers them for the risk of losing the case, which the insurer says will inform its bid for security for costs.

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Dell misled online customers about inflated discounts during COVID lockdowns, ACCC says in new case
Competition & Consumer Protection 2022-11-04 11:13 pm By Christine Caulfield

The consumer regulator has taken Dell Australia to court for allegedly making misleading statements about the price of add-on monitors that could be purchased with Dell computers during the height of the COVID-19 pandemic.

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White & Case nabs competition partner
People In The News 2022-11-04 10:08 pm By Cat Fredenburgh

White shoe firm White & Case has lured a partner from Norton Rose Fulbright to beef up its competition capabilities in Australia.

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Class action trial looms for CBA over money laundering disclosures
Class Actions 2022-11-03 11:59 pm By Cat Fredenburgh

The Commonwealth Bank of Australia faces trial Monday in one of several class actions filed against a major Australian company in recent years over allegedly lax money laundering practices and disclosures.

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iSignthis drops $464M lawsuit against ASX
Financial Services 2022-11-03 11:56 pm By Cat Fredenburgh

Fintech iSignthis has dropped a $464 million lawsuit brought against the Australian Stock Exchange three years ago over allegedly misleading conduct in relation to the suspension of the company’s shares.

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Finish detergent maker says trade mark judgment doesn’t wash
Appeals 2022-10-31 2:50 pm By Cat Fredenburgh

The maker of Finish dishwashing products has appealed a judgment that removed two of its trade marks for non-use and rejected its claim that a competitor’s logo was deceptively similar.

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Appearance of bias prompts ASIC push for Youpla special purpose liquidators
Restructuring & Insolvency 2022-10-28 11:46 pm By Christine Caulfield

A joint court application by ASIC and NSW Fair Trading calls for special purpose liquidators to claw back money from funeral insurer Youpla over concerns about the current liquidator’s relationship with the failed company’s former lawyer.

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‘Best that can be done’: Judge OK’s ‘modest’ $33M Suncorp settlement
Class Actions 2022-10-27 3:03 pm By Sam Matthews

A judge overseeing a class action against a unit of Suncorp Group has given his blessing to a settlement that will see only $14 million of its headline $33 million figure go to super members, despite finding the modest return was “far short of the maximum potential recovery” in the case.

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Crane maker NQCranes agrees to $1M penalty in ACCC’s cartel case
Competition & Consumer Protection 2022-10-26 11:36 am By Cindy Cameronne

Queensland crane company NQCranes has agreed to pay a $1 million penalty in the Australian Competition and Consumer Commission’s case alleging it engaged in a conspiracy with a multinational rival to divide the Brisbane and Newcastle markets.

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